SCHEDULES
SCHEDULE 5Eligibility and regulation of local auditors
I127
1
Section 1262 (index of defined expressions) applies with the following modifications.
2
Omit the following entries—
“approved third country competent authority”;
“audit working papers”;
“audited person”;
“Auditor General”;
“company”;
“enactment”;
“main purposes of this Part”;
“parent undertaking”;
“recognised, in relation to a qualifying body”;
“registered third country auditor”;
“rules of a qualifying body”;
“statutory auditor, statutory audit and statutory audit work”;
“subsidiary undertaking”;
“third country”;
“third country auditor”;
“third country competent authority”;
“transfer (in relation to audit working papers)”;
“UK-traded non EEA company”.
3
At the appropriate places insert—
enactment
section 44(1) of the Local Audit and Accountability Act 2014”;
“local audit
paragraph 1(2) of Schedule 5 to the Local Audit and Accountability Act 2014”;
“local auditor
section 4(1)(b) of the Local Audit and Accountability Act 2014”;
“local audit work
paragraph 1(2) of Schedule 5 to the Local Audit and Accountability Act 2014”;
“officer, in relation to a relevant authority
section 44(1) of the Local Audit and Accountability Act 2014”;
“parish meeting
section 44(1) of the Local Audit and Accountability Act 2014”;
“recognised qualifying body
section 1219(13)”;
“relevant authority
section 2(1) of the Local Audit and Accountability Act 2014
4
In the entry for “officer”, after “officer” insert “
, in relation to a body corporate other than a relevant authority
”
.
5
In the entry for “qualifying body” for “section 1220(1)” substitute “
section 1219(3)(a)
”
.
6
For the entry for “recognised, in relation to a professional qualification” substitute—
recognised professional qualification
section 1219(12)